Business world divided on whether to fight corporate tax hike in Biden's infrastructure plan

CNBC | 03-31
Business world divided on whether to fight corporate tax hike in Biden's infrastructure plan

The U.S. business community is trying to figure out how to address President Joe Biden's $2 trillion infrastructure plan, which calls for higher corporate taxes to help pay for it. Lobbyists and other D.C. influence makers told CNBC that they have received calls from anxious corporate clients eager for guidance...


U.S.|US News and World Report|15h

Democrats to Biden: No Climate Provisions, No Vote for Infrastructure Deal

WASHINGTON (Reuters) - Two Senate Democrats said on Tuesday they would not vote for an infrastructure bill that omits key measures aimed at combatting climate change, putting pressure on the White House to abandon attempts to secure a bipartisan package. President Joe Biden has been focused on getting a sweeping...

U.S.|Washington Times|11h

Federal judge blocks Biden’s suspension of new oil, gas leases

NEW ORLEANS — The Biden administration’s suspension of new oil and gas leases on federal land and water was blocked Tuesday by a federal judge in Louisiana. U.S. District Judge Terry Doughty’s ruling came in a lawsuit filed in March by Louisiana’s Republican attorney general, Jeff Landry and officials in 12 other states. Doughty’s ruling granting a preliminary injunction to those states said his order applies nationwide.


‘Going to be a long winter’: Congress hits snooze on funding the government

Debate has hardly begun on how to reach a workable bipartisan deal that would avoid another stopgap spending plan.


White House says child tax credit should boost economy, offset unemployment phaseout

WASHINGTON, June 15 (Reuters) - The Biden administration expects the start of child tax credit payments in July to provide a solid boost to the U.S. economy that should more than offset a halt in extra unemployment benefits by 25 states, a White House official said on Tuesday. Half the...

U.S.|The Hill|8h

Biden moves to undo Trump trade legacy with EU deal

President Biden ’s newly unveiled deal to end a long-standing trade dispute with Europe marks his first major success in overturning former President Trump ’s trade legacy. Trump left office having stirred up trade wars with U.S. allies and adversaries alike, imposing tariffs on hundreds of billions of dollars worth...


Liberal unrest threatens to doom bipartisan infrastructure talks

Democrats are leery that talks with Republicans will derail the rest of Biden’s agenda: enhancing public education, paid leave policies and fighting global warming.


Voters 'troubled' by political division, want compromise: Poll

Voters believe political divisiveness has reached alarming levels, and it is the issue they are most worried about nearly five months after President Joe Biden took over for former President Donald Trump. In the Georgetown University Battleground Poll, voters said “political division” in America was at a 73 on a...

U.S.|NBC News|10h

No. 3 Senate Republican John Barrasso vows to make Biden a 'one-half-term president'

The No. 3 Senate Republican, John Barrasso of Wyoming, told a group of voters that he wants to make President Joe Biden a "one-half-term president." "Mitch McConnell's come under a lot of criticism for saying, at one point, he wanted to make sure that Barack Obama was a one-term president," Barrasso said last Thursday at an event hosted by the Ripon Society, a centrist Republican think tank, which posted the remarks Tuesday.

U.S.|The Hill|16h

Two more Democrats signal opposition to bipartisan infrastructure deal

Two Democratic senators on Tuesday signaled they will oppose a $974 billion, five-year bipartisan infrastructure proposal unveiled last week, faulting it for not doing enough to halt climate change. Sens. Ed Markey (D-Mass.) and Jeff Merkley (D-Ore.) told reporters they will only support an infrastructure package that is part of...


POLITICO Playbook: Sanders vs. Sinema: Biden agenda threatened by Democratic infighting

FIRST IN PLAYBOOK — Former President BARACK OBAMA, Speaker NANCY PELOSI and former A.G. ERIC HOLDER will headline a virtual fundraiser for the National Democratic Redistricting Committee on June 28. It’ll be Obama’s first post-2020 fundraiser. The invite. INFRASTRUCTURE BREAKDOWN — President JOE BIDEN’S entire agenda appears to be in...

U.S.|The Hill|20h

How Biden can get the infrastructure bill through Congress

Last week President Biden ended negotiations with Republicans on an infrastructure bill. The two sides remained far apart. Democrats had reduced their proposal to $1 trillion in new spending. Republicans, led by Sen. Shelley Moore Capito (R-W.Va.), ranking member of the Committee on Environment and Public Works, would not go higher than $330 billion.


Does Biden tax plan affect those with income below $400,000? It depends on your frame of reference

President Joe Biden proposed higher taxes only for households with income of more than $400,000. The revenue would fund initiatives in the American Families Plan to expand the social safety net. The plan largely (if not fully) lives up to that promise, according to some tax experts. But there are...


Public pins blame for rising inflation on Biden: Poll

A new poll reveals that voters pin most of the blame for rising inflation on President Joe Biden. Biden takes most of the blame among likely voters for rising inflation, with 39% saying he is responsible for the issue. Meanwhile, former President Donald Trump was blamed by 17.7% of respondents, according to the results of a newly released Trafalgar Group/Convention of the States poll.


Daily on Energy, Presented by Citizens' Climate Lobby: G7 agreement on coal puts new pressure on China

Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!. NEW PRESSURE ON CHINA: Most of the media is portraying the G7 meeting that ended this...


Biden participates in US-EU summit

As he began summit talks with European Union leaders on Tuesday, President Joe Biden warned against the "phony populism" spreading on the American and European continents. "We’re in the midst of a terrible beauty having been born," he said, quoting Yeats. "A great shift in technology. A great shift in development in the world. It’s causing great anxiety in our countries.”


Biden's agenda hits roadblocks in Congress as he preaches democracy overseas

Washington (CNN) — As President Joe Biden makes the case for democracy overseas, his agenda back home is facing major obstacles in Washington, where early progress on several key items has stalled in Congress. Plodding negotiations and calls to drop bipartisan overtures could imperil -- or even unravel -- headway...


Biden dings Trump in front of EU leaders

President Joe Biden took a veiled swipe at former President Donald Trump as he seeks to differentiate himself on the world stage from the man he replaced in the White House. "We are committed. We never fully left, but we're reasserting that fact that it's overwhelmingly in the interest of the United States of America to have a great relationship with NATO," he said Tuesday as he arrived at a U.S.-European Union summit. "I have a very different view than my predecessor."


Biden wobbles before Putin summit

Although underplayed by most of the media, it's clear that President Joe Biden is wobbling on the eve of his Wednesday summit with Vladimir Putin. Coming after Biden has broken from congressionally mandated sanctions on Putin's Nord Stream II pipeline, has appeased Putin-enabled ransomware attacks on U.S. critical infrastructure, and has hinted at a withdrawal from Syria (a longtime Russian priority), Biden's hesitation is problematic.


Republicans plot an infrastructure 2-step: Spend more, then kill Biden’s agenda

The GOP bet that Democrats won't have the votes to pass a second, bigger bill might pay off.


The World Respects Us Again Thanks to Biden. Don't Forget How the Media Treated Him | Opinion

"It's great to have the U.S. president part of the club," French President Emmanuel Macron said of President Biden during their G7 summit meeting. And it's clear what he meant: The U.S. is back in the world's good graces—thanks to Joe Biden. Donald Trump often complained that the world doesn't...